Wisp Resort emerges from bankruptcy with new owner

Resort to offer ski, snowboard rentals, other activities

As Wisp Resort finally gets some snow for the winter, there's some extra good news for the winter escape: Maryland's only ski resort has emerged from bankruptcy.

Officials at Wisp announced Friday that the resort has been acquired by a new owner. The Wisp Resort in McHenry said Friday that the Salt Lake City-based Pacific Group will run the business for new owner EPT Ski Properties. The local management team, headed by General Manager Tim Prather, will remain in place.

The previous owners filed for bankruptcy protection last year after defaulting on loans to build a golf course community near the ski hill. That project was sold to another party during bankruptcy proceedings.

EPT is a unit of Kansas City-based real-estate investment trust EPR Properties. It bought the resort for $23.5 million earlier this month.

While you'll see some familiar faces, the resort will now offer ski and snowboard rentals, but first, they are gearing up for the holiday season.

Officials at Wisp told 11 News that they hope to improve other activities -- including golf, fly fishing and mountain biking -- in the coming months.

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